ROFR metric / Ongoing ROFR Activity

[toddc2]

Just passed ROFR -- Maui Ocean Club Napili/Lahaina, 2-bedroom, ocean front, EOY, $13,500, buyer paying closing costs.

Wow, that's a great price! I'm a little irritated as I'm going through ROFR in the original towers for $12k + costs after Marriott exercised at $10k about two months ago. 2BR OF EOY.

 

[StevenTing]

Finally after 4 tries, I passed ROFR on 1000 points.

I passed at $3.30 per point before fees. Previously failed at $2.50, $2.75, and $3.00. Almost lost this transaction too as the seller called Marriott to see if they wanted to buy before they signed the contract. They offered $3.00 per point, matching my offer however the net amount received by seller would have been more. I upped my offer to $3.30 and after waiting a little over 3 weeks I got the Waiver yesterday.

This will put me at Presidential and I think I’m done acquiring weeks and points now. Total costs including fees and closing will put me at $6800.

This purchase breaks down into the following:
$3300 for Points
$3000 for Enrollment/Junk Fees
$500 for Closing costs.

 

[Fasttr]

Finally after 4 tries, I passed ROFR on 1000 points.

I passed at $3.30 per point before fees. Previously failed at $2.50, $2.75, and $3.00. Almost lost this transaction too as the seller called Marriott to see if they wanted to buy before they signed the contract. They offered $3.00 per point, matching my offer however the net amount received by seller would have been more. I upped my offer to $3.30 and after waiting a little over 3 weeks I got the Waiver yesterday.

This will put me at Presidential and I think I’m done acquiring weeks and points now. Total costs including fees and closing will put me at $6800.

This purchase breaks down into the following:
$3300 for Points
$3000 for Enrollment/Junk Fees
$500 for Closing costs.

Congrats on the purchase. Good to know that MVC will actually buy back points even if at a lowly $3 per point. I was told at a fairly recent sales pitch that they were now doing this on occasion when approched.

Now that you are Presidential, you need to crank up your tweet count!!!!

 

[taterhed]

nice!

 

[bazzap]

A very good result.

 

[vacationtime1]

Finally after 4 tries, I passed ROFR on 1000 points.

I passed at $3.30 per point before fees. . . . Total costs including fees and closing will put me at $6800.

This purchase breaks down into the following:
$3300 for Points
$3000 for Enrollment/Junk Fees
$500 for Closing costs.

So the cost per point was $6.80, all in.

About half the price of purchasing retail.

But to get there, one must be diligent, focused, and play perfect chess. Well done.

 

[taterhed]

So the cost per point was $6.80, all in.

About half the price of purchasing retail.

But to get there, one must be diligent, focused, and play perfect chess. Well done.

perfect chess and $0.56 a point MF's

 

[jeepie]

So the cost per point was $6.80, all in.

About half the price of purchasing retail.

But to get there, one must be diligent, focused, and play perfect chess. Well done.

Agreed. And it made perfect sense considering the small number of points required to attain Presidential level.
I would point out, however, that it is easy to purchase a bundle straight from Marriott at about the same cost per point (if you want more than 1,000 Points, that is). There are other threads on this, but last week I was offered a bundle for effectively $7.08 per point with a slightly lower MF, and additional benefits such as MR points, Plus points, and further MR points by putting the purchase on a Marriott (or Ritz or even better, SPG) credit card. Btw, I declined...already have plenty of weeks and DC points. Waiting for an “amnesty” offer” (free or low cost enrollment of some currently ineligible weeks). Ymmv of course. Cheers.

 

[GregT]

Steven, congrats on the purchase and enjoy the Presidential!!

You’ve been on quite a tear in 2017 and nice work on the additions!

Best,

Greg

 

[AlmostRetired]

Deleted.. in rereading my post and looking at others, I didn't add anything of value.

 

[GregT]

Deleted.. in rereading my post and looking at others, I didn't add anything of value.

If that was the criteria, I would be below 100 posts.

 

[toddc2]

Well, slow response from Marriott but this MOC 2/3 EOY OF passed ROFR at $12k.

I wish Marriott was as concerned with resale value when they re-purchased my $29k 1/2 OV developer week for $8k a couple of years ago...

 

[TXTortoise]

Todd, do you know when the ROFR was submitted? I have one that went in Monday before Thanksgiving and hope to hear this week. Previous one was less than 10 days.

 

[StevenTing]

So the cost per point was $6.80, all in.

About half the price of purchasing retail.

But to get there, one must be diligent, focused, and play perfect chess. Well done.

That's correct. $6.80 all in.

Agreed. And it made perfect sense considering the small number of points required to attain Presidential level.
I would point out, however, that it is easy to purchase a bundle straight from Marriott at about the same cost per point (if you want more than 1,000 Points, that is). There are other threads on this, but last week I was offered a bundle for effectively $7.08 per point with a slightly lower MF, and additional benefits such as MR points, Plus points, and further MR points by putting the purchase on a Marriott (or Ritz or even better, SPG) credit card. Btw, I declined...already have plenty of weeks and DC points. Waiting for an “amnesty” offer” (free or low cost enrollment of some currently ineligible weeks). Ymmv of course. Cheers.

I was sitting at 9225 points before the purchase. Had I been at 9250, I would have tried to negotiate an odd size package with Marriott but in my case, 750 wouldn't have been enough.

One could say that I "overpaid" by $1000 since I didn't do 1500 points to maximize the value of the junk fees but I didn't want to pay an additional $1650 for those 500 points. Now I just sit here waiting for closing documents.

 

[michael49]

Just received notice that Marriott has declined ROFR on a 2 bedroom winter (Red Season) villa at Desert Springs II.
Sales price is $2,950 with closing costs of an additional $775. Total cost: $3,725. Guess we will be reactivating our old II account!

 

[toddc2]

Todd, do you know when the ROFR was submitted? I have one that went in Monday before Thanksgiving and hope to hear this week. Previous one was less than 10 days.

Sorry for the slow response! It's difficult for me to say when it was submitted. I signed the contract 7 Oct 2017 and didn't hear back until 28 Nov 2017.

 

[TXTortoise]

Sorry for the slow response! It's difficult for me to say when it was submitted. I signed the contract 7 Oct 2017 and didn't hear back until 28 Nov 2017.

No worries, turns out my two just cleared ROFR within 10 business days of submission in Nov and Dec. I'll post details once the titles transfer.

 

[zora]

Just rec'd notice from Global Resort Transfer that my purchase of an EOY-even Ko Olina mountain view at $2,499 passed.
Suzanne.

Edit to add: Seller paid closing costs and yes, dioxide45, I added this to the ROFR list. Thank you SO much for creating and maintaining this list. It is much appreciated.

 

[Jayco29D]

Does anyone know how often Vistana is exercising ROFR on Westin Princeville?

 

[dioxide45]

Does anyone know how often Vistana is exercising ROFR on Westin Princeville?

See the response you got in the ROFR thread in the Vistana forum.

https://tugbbs.com/forums/index.php...starwood-rofr-transactions-here.196786/page-5

 

[GregT]

Just rec'd notice from Global Resort Transfer that my purchase of an EOY-even Ko Olina mountain view at $2,499 passed.
Suzanne.

Congrats!!! Ko Olina is a lovely property and that’s a great price!!! Enjoy it!

 

[mjm1]

Just rec'd notice from Global Resort Transfer that my purchase of an EOY-even Ko Olina mountain view at $2,499 passed.
Suzanne.

Edit to add: Seller paid closing costs and yes, dioxide45, I added this to the ROFR list. Thank you SO much for creating and maintaining this list. It is much appreciated.

Suzanne, congratulations on your purchase. We love Ko Olina and wish you many memorable vacations there. Happy traveling.

Best regards.

Mike

 

[zora]

Thank you everyone. It was a pleasant surprise. Suzanne.

 

[Bodie]

Agreed. And it made perfect sense considering the small number of points required to attain Presidential level.
I would point out, however, that it is easy to purchase a bundle straight from Marriott at about the same cost per point (if you want more than 1,000 Points, that is). There are other threads on this, but last week I was offered a bundle for effectively $7.08 per point with a slightly lower MF, and additional benefits such as MR points, Plus points, and further MR points by putting the purchase on a Marriott (or Ritz or even better, SPG) credit card. Btw, I declined...already have plenty of weeks and DC points. Waiting for an “amnesty” offer” (free or low cost enrollment of some currently ineligible weeks). Ymmv of course. Cheers.

Hello, You seem to have been offered a similar deal to us which is a 1/2 OV Gold Aruba at $23,300 and 2050 annual pts. That would put us at Presidential Level and Platinum Marriott Rewards. I can't wheel and deal the way others on this thread do with ROFR, etc. Just want to keep it simple.
What are your thoughts on this? Good and/or bad. You see to have a good grasp of all things MVC. Thanks and Happy New Year.

 

[jeepie]

Hello, You seem to have been offered a similar deal to us which is a 1/2 OV Gold Aruba at $23,300 and 2050 annual pts. That would put us at Presidential Level and Platinum Marriott Rewards. I can't wheel and deal the way others on this thread do with ROFR, etc. Just want to keep it simple.
What are your thoughts on this? Good and/or bad. You see to have a good grasp of all things MVC. Thanks and Happy New Year.

Bodie, the Good: Presidential; Platinum; Simple. The questions I would ask: 1. How many DC Points does the Gold Aruba generate if you elect points? 2. Would you stay at Aruba sometimes (not necessary, but a plus)? 3. What is the total Cost per DC Point, assuming you elect the points? 4. What is the Maintenance Fee for this purchase? 4. What is the value to you of the MR points and/or Plus Points being offered? 5. Can you put it on a credit card (preferably one I mentioned) and pay it off in full without incurring finance charges? And Happy New Year to you as well.